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KLSE: MATRIX       MATRIX CONCEPTS HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
2.72 2.79     +0.07 (2.57%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
07/08/2017 2.71 2.65 -0.06 (2.21%) HOLD KENANGA Price Target News
07/08/2017 2.71 2.98 +0.27 (9.96%) BUY HLG Price Target News
17/05/2017 2.74 2.98 +0.24 (8.76%) BUY HLG Price Target News
14/04/2017 2.55 2.89 +0.34 (13.33%) BUY HLG Price Target News
24/02/2017 2.50 2.65 +0.15 (6.00%) BUY KENANGA Price Target News
24/02/2017 2.50 2.89 +0.39 (15.60%) BUY HLG Price Target News


Price Target Research Article/News (past 6 months)
07/08/2017  KENANGA Matrix Concepts - Long Awaited Land Replenishment
07/08/2017  HLG Matrix Concepts - Affirming Footstay in Negeri Sembilan
17/05/2017  HLG Matrix Concepts - FY17 Results cum Bonus Issue
14/04/2017  HLG Matrix Concepts - JV with Japan on IBS Manufacturing Plant
24/02/2017  KENANGA Matrix Concepts Holdings - 9M17 Missed Expectations
24/02/2017  HLG Matrix Concepts - On track to hit RM1bn sales target



  11 people like this.
 
Bratt Yup. Most likely a township and with hotel. Sepang is a forbidden area for new township, the rich folks there are waiting for nearby new development to pump money into. Matrix is developing the southwest corridor, and is a major player there now. Jimah is good location and access roads will be built in the next ten years. Likely to have an upscale retirement home there too, given the serene surrounding with scenery.
07/08/2017 09:46
bowman Jimah township is less than 5km from the Sepang-Lukut road. It is also near the coast and given the fully developed Sepang tourism belt and Port Dickson's already populated beach front, Jimah may just be the missing link for the coastal tourism belt. This purchase is good strategy but since the land is agriculture in nature, it may need to be converted first. If you know when the land use is converted, you may just know when the development plans will come
07/08/2017 10:39
beginnerlearning Do a google search on where is Kampung Baru Jimah. The Company's announcement already highlighted that the lands bought are next to sendayan.
07/08/2017 15:19
Chess Hi, can you pls highlight the sentence that the company's announcement said the lands bought are next to sendayan? It is because i could not see it. Thank you.
07/08/2017 21:23
yokemui Big drop today, guys. Any reason(s)??
08/08/2017 17:19
Larrytrader not sure
08/08/2017 17:23
azman Fundamentals intact. Nothing to worry. Buying opportunities. Matrix is for long term hold, not speculative.
Institutional buyer bought @ 2.73 a piece. Now u can buy @ 2.66 - 2.67. Why not? For those still with bullets, this is one counter not to be missed
08/08/2017 17:46
wilsonchan87 Matrix Q result will out on 24/8/2017 after double check with their IR
08/08/2017 21:42
Larrytrader in their annual report everything is good with dividend and bonus issue coming
08/08/2017 22:42
Aero1 If he is willing to sell his shares to institutional investors, do you think he will accept to receive lower dividend? After bonus issue he should at least be getting same, if not larger, amount of dividend.
09/08/2017 10:55
Bratt The drop is just rigging lah. You see so few players at the counter. Due to shares not liquid, easy to drop the price or increase it. Mainly insiders playing lah... trying to maximize benefit. If you have bought the shares, hang on to them!
09/08/2017 14:01
DroidnPlay Throw at 2.66-2.67 la. Else how we accumulate, then we can sell above Rm2. 73. Dato sold at that price, but these ppl more generous n richer than Dato, willing to sell lower at 2.67 wahahaahah. Let them sell...
09/08/2017 14:50
Chess http://www.mcarnegie.com.au/gallery.php

Guys, you may refer to the website for Matrix project progress in Australia.
09/08/2017 16:56
azman Land purchases to ensure strong margins for Matrix Concepts

AllianceDBS Research

/

The Edge Financial Daily


August 08, 2017 10:18 am MYT

This article first appeared in The Edge Financial Daily, on August 8, 2017.

-A+A

Matrix Concepts Holdings Bhd 
(Aug 7, RM2.73)
Maintain buy rating and a target price (TP) of RM3: Matrix Concepts Holdings Bhd announced the proposed acquisition of 21 parcels of 132 acres (53.4ha) of agricultural land in Port Dickson for RM57 million from individual landowners. We understand that the land parcels are located next to its existing Bandar Sri Sendayan township.

Matrix Concepts currently has an estimated 1,750 acres (708.2ha) of land bank worth RM9 billion in gross development value (GDV), mainly concentrated within its vast Bandar Sri Sendayan township. The proposed acquisition is expected to contribute an additional RM700 million to GDV, further extending the vibrancy of Bandar Sri Sendayan. 

The purchase price of RM57 million implies a payment of RM9.90 per sq ft which is a bargain valuation in our view, taking into consideration the daunting task of negotiating with the respective small-parcel owners. This acquisition also makes up 8% of the estimated potential GDV, which should ensure strong margins for Matrix Concepts for its affordable housing products.

We maintain our “buy” rating and TP of RM3, based on a 30% discount to our fully diluted revised net asset value of RM4.27. Matrix Concepts is currently trading at a bargain 7.5 times financial year 2018 forecast (FY18F) price-earnings ratio despite strong earnings visibility and a decent dividend yield of about 5% for this township developer. — AllianceDBS Research, Aug 7
 

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09/08/2017 19:22
Larrytrader they have one bonus issue
09/08/2017 20:01
jady Sorry guys, beginner here. If buy now still can get dividend? Thanks!
10/08/2017 06:09
dextronium You are entitled for next dividend which is not yet announced.
10/08/2017 06:18
kcwong http://klse.i3investor.com/blogs/kianweiaritcles/129596.jsp

Good company with good dividends, bonus issues and returns.
10/08/2017 09:00
kcwong jady, if buy now, have to wait for next dividend....
now waiting for announcement of bonus issues date, so if buy now, still can wait for the bonus issues.
10/08/2017 09:01
DroidnPlay Nice sharing over here, unlike other threads full of defamation and hatres like Prtasxx. Jady, as long you buy before the Ex Date (latest is one day before), then you are entitled for the dividends. YOu could sell it on Ex Date.
10/08/2017 09:16
Bock TzerMing what happens to Matrix-wa after bonus issues?can anyone share some info here?Thanks!
10/08/2017 10:19
jady wow, thanks guys! I opened account 1 month ago, until now still 0 purchase. Don't dare to click the button huhu
10/08/2017 10:36
tschung jady, for matrix just click.
10/08/2017 11:13
DroidnPlay HI Jady,then you have landed a best time, aim for better entry price, to me this price is acceptable since it went down from 2.7~ to present 2.66. Pls consider the dividend, take past div 0.035*4/2.66 = 5.2%. If you dare to take risk, tis seems to be quite attractive, don't forget the upcoming Bonus Issue. THis is not a buy call, pls do your homework before you buy.
10/08/2017 11:43
jady Droid, thank you so much for the calculation. Now I have better picture. Yes sure will do homework : )
10/08/2017 12:26
Bratt Watch next week's magic
10/08/2017 13:59
Chess anything special on next week? Someone said quarterly result only out on 24/08/2017
10/08/2017 14:26
N0B0DY Next week (16/8) is matrix's agm
11/08/2017 00:25
wilsonchan87 last supporting point at 2.61, if drop over, will back to 2.5
11/08/2017 07:07
federerphong come on 2.40
11/08/2017 13:31
Calvin Wai This counter is so stable, for those who want stable and receive good dividend can look for this counter.
14/08/2017 10:28
azman Dato Lee collecting the shares again
14/08/2017 19:32
N0B0DY Dato Lee exercise from esos
14/08/2017 21:17
Larrytrader dato Lee chong Wei?
14/08/2017 21:35
Larrytrader haha just kidding
14/08/2017 21:35
Teh Kieat Keoi Everybody know why MATRIX got much selling pressure?
15/08/2017 16:45
Bratt The smartest investor will always be the one who owns the company. So you see Dato Lee Tian Hock keeps buying his own stocks this and last week? Ask yourself why. :-)
15/08/2017 19:29
DroidnPlay Boss n staff buying their own shares, that shows they are confident in their biz, hope that ease your mind.
16/08/2017 08:36
bowman AGM today. what's interesting anyone?
16/08/2017 14:39
azman Matrix expects record high GDV on new launches

Sangeetha Amarthalingam

/

theedgemarkets.com


August 16, 2017 15:54 pm MYT

-A+A

KUALA LUMPUR (Aug 16): Matrix Concepts Holdings Bhd expects the total gross development value (GDV) of its ongoing projects for the current financial year ending March 31, 2018 (FY18) to hit a new record, surpassing FY17’s RM1.9 billion, on resilient demand for its new property launches.
 
The group saw strong demand for its property launches over the past six months and is on track to meet its target of RM1.4 billion worth of new launches in FY18, Matrix said in a statement.
 
The property developer’s new launches in FY18 are mainly made up of residential homes in Bandar Sri Sendayan, Negeri Sembilan, and Bandar Seri Impian in Kluang, Johor.
 
Group chairman Datuk Mohamad Haslah Mohamad Amin said along with the growing scale of its property development activities, it is constantly investing in strategic properties that enhance vibrancy of its townships.
 
“Such foresight has contributed to an average take-up rate of above 70% for our launches, underlining the vast appeal of our township.

“Complemented with positive buyer feedback, we are confident of achieving our new launch target of RM1.4 billion in FY18,” Mohamad Haslah said, after the group’s annual general meeting today.
 
Matrix also recently acquired 132 acres of land in Mukim Jimah, Port Dickson, next to its Bandar Sri Sendayan township, for RM57 million.
 
The purchase is expected to be completed in November 2017, and would increase Matrix’ land bank to 1,550 acres, which will last until 2027.
 
At the meeting, Matrix’ shareholders approved the 1-for-4 bonus issue that is expected to be completed at the end of 2017.
 
The exercise would see the issuance of up to 163.9 million new shares and up to 13 million additional warrants to existing warrant holders.
 
To date, total returns based on share price and dividend payments, exceed 160% since its public offer.
 
Mohamad Haslah said the bonus issue is the group’s third corporate exercise, in line with its growing business.
 
“The best is yet to come, as we aim to scale greater heights in achievements,” he added.

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(AT TODAY'S AGM)
16/08/2017 16:20
Patrick13 Quite a lot ppl attend AGM today. Saw the blogger, Harry as well.
Nothing much to highlight, but got one proxy ask about IBS status, the board replied that IBS still in the progress and expected to make contribution in 2018, maybe only last quarter of FY2018 only will see the financial effect in the account if not mistaken.
16/08/2017 17:12
Larrytrader thank you Patrick
16/08/2017 17:16
Larrytrader 1 for 4 or 4 for 1 bonus issue?
16/08/2017 17:17
bowman Thank you for sharing. It's one for every four held. At 2.65, it is still a bargain, considering the company's past track records and recent land acquisitions.
16/08/2017 17:37
kcwong Still got room for the price to increase till year end.
Ya, Blogger Harry is strong supporter of Matrix due to stable and good dividend payout.
Should raise soon before the bonus issues
17/08/2017 08:55
Bratt Let Dato Lee do his magic. He has never done so heavy shares buyback of Matrix before. He is confident. I like it. Let's support him.
17/08/2017 11:52
gongkia that is not shares buy back, he exercised his stock options, which is ripping us (shareholders) off.

750,000 at 2.34
408,331 at 2.08
209,998 at 1.83
17/08/2017 13:12
kcwong steady and stable stock, so fast raise above 2.70 again...
17/08/2017 13:39
joekit buy 4 free 1 is quite a good deal! directors also wanna rebut the bonus shares that's why exercise their esos? lol
17/08/2017 13:54
Chess Bonus issue is something like divide a big cake into smaller pieces. Nothing special with it. Their exercise price and number of shares in ESOS will be adjusted accordingly.
17/08/2017 14:49


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